Global and Macroeconomic Drivers like Weakening Dollar & Fed Rate Cut Expectations, Gold prices are rising on MCX—with October futures near ₹1,06,670 per 10g—as optimism grows around a potential US Federal Reserve rate cut, softened dollar, and elevated safe-haven demand amid global economic uncertainties.
Also Persistent Uncertainty & Tariff Tensions Spurred by trade tensions, tariff concerns, and a shaky economic outlook in the US, investors are flocking to gold. In Ahmedabad, gold prices hit a record ₹1,09,500 per 10g, further propelled by a depreciating rupee.
Spiking Investment Demand Amidst Market Anxiety Record-high prices have pushed gold to ₹1,05,000 per 10g, with silver likewise hitting historic highs. A sharp rise of ₹4,400 in gold over just a week underscores mounting demand—even as industrial and rural consumption soften.
